3.0.0 7173 2023-01-11T13:41:01Z 2023-01-11T13:41:01Z House HR 2018-11-27 115 Congressional Record, Volume 164 Issue 186 (Tuesday, November 27, 2018)
[Congressional Record Volume 164, Number 186 (Tuesday, November 27, 2018)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DEUTCH:H.R. 7173.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the U.S. Constitution.
[Page H9667]]]> hsfa00 Foreign Affairs Committee House Standing Referred to 2018-11-27T17:01:20Z hsif00 Energy and Commerce Committee House Standing Referred to 2018-11-27T17:01:15Z hswm00 Ways and Means Committee House Standing Referred to 2018-11-27T17:01:10Z Energy Innovation and Carbon Dividend Act of 2018 115 3791 S 2018-12-19 Read twice and referred to the Committee on Finance. Related bill CRS 2018-11-27 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2018-11-27 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2018-11-27 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-11-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-11-27 Introduced in House IntroReferral 1000 9 Library of Congress D000610 Rep. Deutch, Theodore E. [D-FL-22] Theodore Deutch D FL E. 22 N F000466 Rep. Fitzpatrick, Brian K. [R-PA-8] Brian Fitzpatrick R PA K. 8 2018-11-27 True D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 2018-11-27 True R000607 Rep. Rooney, Francis [R-FL-19] Francis Rooney R FL 19 2018-11-27 True C001111 Rep. Crist, Charlie [D-FL-13] Charlie Crist D FL 13 2018-11-27 True T000475 Rep. Trott, David A. [R-MI-11] David Trott R MI A. 11 2018-11-29 False E000215 Rep. Eshoo, Anna G. [D-CA-18] ANNA ESHOO D CA G. 18 2018-12-06 False C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2018-12-12 False L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2018-12-19 False P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2018-12-19 False Taxation Air quality Alternative and renewable resources Appropriations Aviation and airports Climate change and greenhouse gases Coal Customs enforcement Diplomacy, foreign officials, Americans abroad Environmental regulatory procedures Free trade and trade barriers Government studies and investigations Government trust funds Interest, dividends, interest rates International law and treaties Motor fuels Motor vehicles Oil and gas Tariffs Trade agreements and negotiations User charges and fees Taxation 00 2018-11-27 Introduced in House 2018-12-11T17:40:40Z Energy Innovation and Carbon Dividend Act of 2018

This bill amends the Internal Revenue Code to impose a fee on the carbon content of fuels, including crude oil, natural gas, coal, or any other product derived from those fuels that will be used so as to emit greenhouse gases into the atmosphere.

The fee is imposed on the producers or importers of the fuels and is equal to the greenhouse gas content of the fuel multiplied by the carbon fee rate. The rate begins at $15 in 2019, increases by $10 each year, and is subject to further adjustments based on the progress in meeting specified emissions reduction targets. The bill also imposes a specified fee on fluorinated greenhouse gases.

The bill includes:

  • exemptions for fuels used for agricultural or nonemitting purposes,
  • rebates for facilities that capture and sequester carbon dioxide, and
  • border adjustment provisions that require certain fees or refunds for carbon-intensive products that are exported or imported.

The fees must be deposited into a Carbon Dividend Trust Fund and used for administrative expenses and dividend payments to U.S. citizens or lawful residents. The fees must be decommissioned when emissions levels and monthly dividend payments fall below specified levels.

The bill also amends the Clean Air Act to suspend certain regulations that limit greenhouse gas emissions. The suspensions expire if the emissions targets established by this bill are not reached after a specified time period.

]]> Energy Innovation and Carbon Dividend Act of 2018 Display Title Energy Innovation and Carbon Dividend Act of 2018 Official Title as Introduced To create a Carbon Dividend Trust Fund for the American people in order to encourage market-driven innovation of clean energy technologies and market efficiencies which will reduce harmful pollution and leave a healthier, more stable, and more prosperous nation for future generations. Introduced in House IH Short Titles as Introduced Energy Innovation and Carbon Dividend Act of 2018 Introduced in House 2018-11-27T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr7173ih/xml/BILLS-115hr7173ih.xml 2018-11-27 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.